Oriola Corporation’s third quarter result impacted by distribution disruptions in Finland

Thu, Oct 12, 2017 15:45 CET

Oriola Corporation Stock Exchange Release 12 October 2017 at 4.45 pm.

Oriola Corporation’s third quarter result impacted by distribution disruptions in Finland

The implementation of the new ERP and warehouse management system in Finland in the beginning of September met unexpected difficulties, resulting in disruptions in the Finnish distribution. The operation experienced lower efficiency and unplanned disruptions in picking and delivery. Oriola lost approximately EUR 4 million of net sales as non-pharmaceutical products were released into distribution only partly in September. The impact of the lost sales, and the additional costs of resourcing extra working shifts and ensuring the availability of critical medicines to pharmacies, hospitals and veterinarians lowered the third quarter adjusted EBIT of the Services segment by EUR 5 million.

The continued system ramp-up will require additional resourcing, and continue to burden also the fourth quarter result.

Oriola Corporation will publish its Interim report 1 January- 30 September 2017 on Wednesday, 25 October 2017 at approximately 8.30 a.m.